Are you a senior aged 62 or older and ready to redeem the investment of your home’s value? It may be time for a reverse mortgage.
A Home Equity Conversion Mortgage (HECM) from ESCO Mortgage Advisors allows borrowers to tap into their home’s value and possibly become more financially secure to maintain quality of life through retirement. When a homeowner has built up considerable equity in their home, it’s an opportunity to turn that equity into cash for meeting certain needs.
HECM FOR PURCHASE
A HECM for Purchase loan is a variation that can also help homeowners turn equity in their existing home into tax-free* funding for a new home purchase to be closer to family, live somewhere more appropriate for their needs or relocate to a new community.
Whether you need a little more cash flow in retirement, want to move closer to family or need to make your home accessible, a reverse mortgage from Movement could get you there.
*consult a tax professional